(Quincy, MASS., – December
17, 2002) – GainsKeeper® today announced an application to
help mutual fund companies meet the changing needs of shareholders.
GainsKeeper’s Specific ID Accounting system handles the complicated
tax lot accounting of various selling methods so fund companies can
provide shareholders with an alternative to the traditional average cost
method. GainsKeeper is a division of CCH INCORPORATED, a leading
provider of securities, tax and capital changes information, services
and software.

GainsKeeper has been a long-time champion of tax-smart
investing. Mutual fund investors generally acquire multiple lots of
individual funds, creating a situation in which average cost is not the
best accounting method from a tax standpoint.

"Specific ID is a great way to reduce the after-tax
cost of investing, particularly in times when the market makes large
swings," says Kaye Thomas, author of Capital Gains, Minimal
Taxes. "It allows you to sell your most costly shares first, or
select between short-term and long-term shares, whichever approach saves
the most money. Mutual funds that make Specific ID easy for their
investors have a leg up on those that fail to provide this
service."

GainsKeeper even takes the power of Specific ID one step
further with its proprietary "SellGrade". Highest Cost is
widely recognized as a tax-efficient form of Specific ID selling, but
does not take into account holding periods or wash sales. GainsKeeper’s
SellGrade evaluates all tax lots in a portfolio, factoring in holding
periods and wash sales, to indicate the most tax-efficient lots to sell.

In addition to Specific ID for funds, GainsKeeper
continues to offer Average Cost for those shareholders who choose to use
it, as well as FIFO and Specific ID for stocks and options.

GainsKeeper Institutional Services (GKIS) provides ASP
solutions for financial institutions, enabling its partners to offer
sophisticated tax lot accounting to their customers without incurring
the high cost of building, maintaining, and housing the systems and
operations necessary to provide institutional-quality service. GKIS
serves the brokerage, mutual fund, and fund administration industries,
providing solutions ranging from back-office outsourcing to fully
integrated Internet-based tools and services. Clients include BISYS, MFS,
and funds of GKIS’ distribution partner, GIS Ltd. Additional
information is available at www.GKIS.net,
via e-mail to marketing@gainskeeper.com, or by calling 617-472-3314.

About CCH INCORPORATED

CCH INCORPORATED, founded in 1913, has served four
generations of business professionals and their clients. The company
produces approximately 700 print and electronic products for securities,
tax, legal, banking, securities, human resources, health care and small
business markets. CCH is a wholly owned subsidiary of Wolters Kluwer
North America. The CCH web site can be accessed at cch.com.
The CCH Business and Finance group web site can be accessed at businesss.cch.com.